Helping businesses starting to trade overseas or expanding into new territoriesResources and Guides
It is important for you to build your knowledge in some key areas if you wish to export successfully to different markets.
By understanding how to prepare your business, you will be armed with the right tools to embark on a successful venture of exporting your products or services abroad.
Understanding the following elements and how the information relates to your business and the stage it is at, is vital in providing a solid foundation for exporting.
UK Export Finance (UKEF) is the UK’s export credit agency and its mission is to ensure that no viable UK export fails for lack of finance or insurance. UKEF provides a range of export schemes that are available to both exporters and to businesses that directly supply goods or services to an exporter.
Through these schemes, UKEF provides the bank with a guarantee representing a portion of the outstanding debt should the borrower default on their obligations. Therefore, these schemes can be particularly helpful for a business that is experiencing difficulties securing funding due to a lack of security to offer as collateral.
Important to note: Guarantees provided by UKEF to a lender are intended to assist UK exporters to access finance. They do not reduce the borrower’s liability to repay the debt in anyway. Normal recovery and enforcement procedures will be undertaken by the Bank before calling on UKEF guarantees.
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